Statement of Stockholders' Equity On January 1, the balance of the Retained Earnings account was $37,500. The company's common stock account had an opening balance of $45,000 and new contributions during the year totaled $5,250. On December 31, at year-end, the Dividends account had a balance of 54,275. The income statement shows net income of $22,500. Prepare a statement of stockholders' equity for A. Miller & Company, architectural design firm. Note: Use a negative sign with your answers for the "Less" amounts. Total A Miller & Company Statement of Stockholders' Equity For Year Ended December 31 Common Stock Retained Earnings Balance, January 5 Add Common Stock Net income Less Dividends Balance, December 313